Comparative financial statements for Sunland and Marigold Ltd. are shown below. SUNLAND AND MARIGOLD LTD. Income Statement Year Ended December 31 2021 2020 Net sales $865,000 $805,000 Cost of goods sold 580,000 530,000 Gross profit 285,000 275,000 Operating expenses 164,000 160,000 Profit from operations 121,000 115,000 Other revenues and expenses Interest expense 40.000 20.000 Profit before income tax 81,000 95,000 Income tax expense 17,000 20,000 Profit $64,000 $75,000 2019 $10,000 106,000 94,000 115,000 300,000 $625,000 SUNLAND AND MARIGOLD LTD. Balance Sheet December 31 Assets 2021 2020 Cash $86,000 $80,000 Accounts receivable 120,000 125,000 Inventories 130,000 120,000 Prepaid expenses 25,000 23,000 Land, buildings, and equipment 390,000 305,000 Total assets $751,000 $653,000 Liabilities and Shareholders' Equity Liabilities Notes payable $110,000 $100,000 Accounts payable 43,000 40,000 Accrued liabilities 32,000 45,000 Bonds payable, due 2024 190,000 150,000 Total liabilities 375,000 335,000 Shareholders' equity Common shares (20,000 issued) 200,000 200,000 Retained earnings 176,000 118.000 Total shareholders' equity 376,000 318,000 Total liabilities and shareholdersequity $751,000 $653,000 $100,000 60,000 30,000 178,000 368,000 200,000 57,000 257,000 $625,000 Additional information: 1. Seventy-five percent of the sales were on account. 2. The allowance for doubtful accounts was $4,000 in 2021, $5,000 in 2020, and $3,000 in 2019. 3. In 2021 and 2020, dividends of $2,000 and $10,000, respectively, were paid to the common shareholders. 4. Cash provided by operating activities was $103,500 in 2021 and $122,000 in 2020. 5. Cash used by investing activities was $110,500 in 2021 and $35,000 in 2020. Calculate all possible liquidity, solvency, and profitability ratios for 2021 and 2020. (Round answers for Collection period, Days sales in inventory, Operating cycle and Free cash flow to 0 decimal places, e.g. 125. Round answer for Earnings per share to 2 decimal places, e.g. 12.50. Round all other answers to 1 decimal place, e.g. 12.5 or 12.5%. Enter negative amount using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) 2021 2020 Liquidity Ratios 1. Current ratio : 1 :1 :1 times times days times days days days times days days times I times 2. Acid-test ratio 3. Receivables turnover 4. Collection period 5. Inventory turnover 6. Days sales in inventory 7. Operating cycle Solvency Ratios 8. Debt to total assets 9. Interest coverage 10. Free cash flow Profitability Ratios 11. Gross profit margin 12. Profit margin 13. Asset turnover 14. Return on assets 15. Return on equity 16. Earnings per share 17. Payout ratio times times 0/